CCEF

Calamos CEF Income & Arbitrage ETF

Fund Stats

  • NAV

    $27.43

    $0.01 (0.04%)

    As of 7/23/24

  • Market Price

    $27.47

    As of 7/23/24

  • Total Net Assets

    $13.0 Million

    As of 7/23/24

  • Inception Date

    1/16/24

Calamos CEF Income & Arbitrage ETF Overview

The Calamos CEF Income & Arbitrage ETF (CCEF) seeks to deliver high monthly income and capital appreciation by investing in income producing closed-end funds trading at attractive discounts.

Key Features

  • Designed to deliver high monthly income. CCEF is actively managed and seeks to pay high current income monthly.
  • Capital appreciation through discounted closed-end funds. Invests in closed-end funds trading at steep discounts to unlock the potential for capital appreciation.
  • Two decades of closed-end fund expertise. Calamos is a longstanding participant of the closed-end fund market.

Portfolio Fit

For high yield allocations, seeking to unlock enhanced distributions with total return.

For large value allocations, where dividend producing funds reside, aiming to deliver complementary alpha without sacrificing total return.

For potential alpha, as a complement to core equity allocation.

Newcomer ETF Firm of the Year Award

Pricing

Fund Details

As of 7/23/24
Detail Value
Ticker CCEF
NAV $27.43
Market Price $27.47
Premium/Discount 0.15%
Exchange NYSE Arca, Inc.
Inception Date 1/16/24

30 Day Median Bid/Ask

As of 7/23/24
30 Day Median Bid/Ask
0.29%

Premium / Discount

As of 7/23/24
Date Value
1/16/2024 0.04
1/17/2024 0.04
1/18/2024 0.12
1/19/2024 0.12
1/22/2024 0.08
1/23/2024 0.16
1/24/2024 0.24
1/25/2024 0.04
1/26/2024 0.08
1/29/2024 0.04
1/30/2024 0.08
1/31/2024 0.08
2/1/2024 0.08
2/2/2024 0.28
2/5/2024 0.12
2/6/2024 0.04
2/7/2024 0.2
2/8/2024 0.08
2/9/2024 0.12
2/12/2024 0.24
2/13/2024 0.12
2/14/2024 0.12
2/15/2024 0.12
2/16/2024 0.32
2/20/2024 0.16
2/21/2024 0.39
2/22/2024 0.04
2/23/2024 0.23
2/26/2024 0.12
2/27/2024 0.23
2/28/2024 0.08
2/29/2024 0.08
3/1/2024 0.31
3/4/2024 0.12
3/5/2024 0.08
3/6/2024 0.04
3/7/2024 0.08
3/8/2024 0.19
3/11/2024 0.08
3/12/2024 0.27
3/13/2024 0.04
3/14/2024 0.04
3/15/2024 0.12
3/18/2024 0.08
3/19/2024 0.04
3/20/2024 0.04
3/21/2024 0.23
3/22/2024 0.08
3/25/2024 0.19
3/26/2024 0.27
3/27/2024 0.04
3/28/2024 0.3
4/1/2024 0.27
4/2/2024 0.11
4/3/2024 0.27
4/4/2024 0.08
4/5/2024 0.04
4/8/2024 0.23
4/9/2024 0.15
4/10/2024 0.08
4/11/2024 0.19
4/12/2024 0.16
4/15/2024 0.12
4/16/2024 0.08
4/17/2024 0.12
4/18/2024 0.04
4/19/2024 0.04
4/22/2024 0.04
4/23/2024 0.16
4/24/2024 0.08
4/25/2024 0.08
4/26/2024 0.04
4/29/2024 -0.04
4/30/2024 0.23
5/1/2024 0.08
5/2/2024 0.08
5/3/2024 0.12
5/6/2024 0.19
5/7/2024 0.08
5/8/2024 0.08
5/9/2024 0
5/10/2024 0.11
5/13/2024 0.04
5/14/2024 0.04
5/15/2024 0.08
5/16/2024 0.08
5/17/2024 0.08
5/20/2024 0.11
5/21/2024 0.07
5/22/2024 0.04
5/23/2024 0.11
5/24/2024 0.08
5/28/2024 0.08
5/29/2024 0.15
5/30/2024 -0.15
5/31/2024 0
6/3/2024 0
6/4/2024 0.15
6/5/2024 0.08
6/6/2024 0.11
6/7/2024 0.15
6/10/2024 0.15
6/11/2024 0.11
6/12/2024 0.15
6/13/2024 0.08
6/14/2024 0.15
6/17/2024 0.08
6/18/2024 0.08
6/20/2024 0.04
6/21/2024 0.11
6/24/2024 0.11
6/25/2024 0.04
6/26/2024 -0.22
6/27/2024 0.19
6/28/2024 0.15
7/1/2024 0
7/2/2024 0.04
7/3/2024 0
7/5/2024 0.07
7/8/2024 -0.07
7/9/2024 0.07
7/10/2024 0.04
7/11/2024 0.07
7/12/2024 0.07
7/15/2024 0.15
7/16/2024 0.04
7/17/2024 0.07
7/18/2024 0.07
7/19/2024 0.07
7/22/2024 0.07
7/23/2024 0.15

Premium and Discount

As of 7/23/24
Q1 2024 Q2 2024 Q3 2024 Q4 2024
Days Traded at Premium -- 59 14 --
Days Traded at Discount -- 4 2 --

The above chart presents information about the difference between the daily market price for shares of the ETF and the ETF's net asset value. The market price displayed is the official closing price reported by the exchange​. The vertical axis of the chart shows the premium or discount expressed in basis points (bps). If the fund's market price exceeds its NAV, it is trading at a premium and is expressed by a positive value. If the fund's market price is below the NAV, the ETF is trading at a discount and is represented by a negative value. This value is recorded daily over the time period displayed along the horizontal axis.

Performance

Annualized Total Returns

As of 6/30/24 As of 6/30/24
TimeFrame CCEF Market Price CCEF NAV S-Network Composite Closed-End Fund Index (SNCEFCT) S&P 500 Index
1 Month 2.5 2.35 1.98 0
3 Month 3.28 3.44 3.17 0
Since Inception (01/16/24) 9.88 9.72 8.49 0
TimeFrame CCEF Market Price CCEF NAV S-Network Composite Closed-End Fund Index (SNCEFCT)
1 Month 2.5 2.35 1.98
3 Month 3.28 3.44 3.17
Since Inception (01/16/24) 9.88 9.72 8.49

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 of an investment will fluctuate so that your shares, when sold, may be worth more or less than their original cost. Returns at NAV reflect the deduction of the Fund's management fee and other expenses, which can be found on the fund fees and expenses tab.You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment.

Index and Morningstar category data shown reflects full month periods only. If share class inception date is on or before the 15th of the month, the index or category calculation inception date begins on the first day of that month. If share class inception date is after the 15th of the month, the index or category calculation inception date begins on the first day of the following month.

S-Network Composite Closed-End Fund Index (SNCEFCT) measures the performance of the total closed-end fund universe.

Unmanaged index returns, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.

Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions.

The Funds' total annual fund operating expenses as of the prospectus dated 1/12/2024 is 2.74%.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Portfolio

A list of all fund holdings is made available daily through the link below.

View All Holdings

Holdings and weightings are subject to change daily. Holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

Top 10 Holdings

As of 6/30/24
Holding Ticker %
John Hancock Premium Dividend Fund PDT 4.0%
Bexil Investment Trust BXSY 3.8%
Kayne Anderson Energy Infrastructure Fund KYN 3.7%
abrdn Healthcare Opportunities Fund THQ 3.7%
Nuveen Municipal Credit Opportunities Fund NMCO 3.6%
Eaton Vance Tax-Managed Global Diversified Equity Income Fund EXG 3.5%
BlackRock Enhanced Equity Dividend Trust BDJ 3.5%
abrdn Global Infrastructure Income Fund ASGI 3.4%
Tortoise Midstream Energy Fund, Inc. NTG 3.3%
Eaton Vance Tax Managed Global Buy Write Opportunities Fund ETW 3.3%
Total 35.8%

Fund Facts

As of 6/30/24
Name Fund
Net Assets $13.0 M
Number of Holdings 40

Yield

Name %
30-day SEC yield
(As of 6/30/24)
7.41%
Unsubsidized 30-day SEC yield
(As of 6/30/24)
7.41%

Distributions

Schedule

Name Frequency
Distributions MONTHLY
Capital Gains ANNUAL

Distributions

Schedule: MONTHLY
Frequency Income Reinvest
June 2024 $0.1770
May 2024 $0.1675
April 2024 $0.1750
March 2024 $0.1800
February 2024 $0.0000

Fees & Expenses

Fees & Expenses

Expenses %
Management Fees 0.74%
Distribution and/or Service Fees (12b-1) 0.00%
Other Expenses1 0.00%
Acquired Fund Fees and Other Expenses2 2.00%
Total Annual Fund Operating Expenses3 2.74%

Fund Information

Name Fund
Inception Date 1/16/24
Ticker Symbol CCEF
CUSIP number 12811T407

Expenses as of the prospectus dated 1/12/2024.

1“Other Expenses” is an estimate based on the expenses the Fund expects to incur for the current fiscal year.

2“Acquired Fund Fees and Expenses” include certain expenses incurred in connection with the Fund’s investment in various closed-end funds, exchange-traded funds (“ETFs”), and business development companies (“BDCs”). The amount shown is based on estimated amounts for the current fiscal year.

3The Total Annual Fund Operating Expenses in this fee table may not correlate to the expense ratios in the Fund’s financial highlights and financial statements because the financial highlights and financial statements reflect only the operating expenses of the Fund and do not include Acquired Fund Fees and Expenses, which are fees and expenses incurred indirectly by the Fund through its investments in certain underlying investment companies.

Literature

About the Fund

Calamos CEF Income & Arbitrage ETF Fact Sheet

The Calamos CEF Income & Arbitrage ETF fact sheet provides a snapshot of the investment team and product strategy.

Prospectus and Reports

Calamos CEF Income & Arbitrage ETF Prospectus

This summary contains important information about the Calamos CEF Income & Arbitrage ETF investment objective, fees and expenses, principal investment strategies, principal risks and performance.

Calamos CEF Income & Arbitrage ETF Statutory Prospectus

You should read the accompanying prospectus and any accompanying prospectus supplement, which contain important information, before deciding whether to invest in our securities.

Calamos CEF Income & Arbitrage ETF SAI

The statement of additional information is a supplementary document to the fund’s prospectus and contains additional information about the fund and includes further disclosure regarding its operations.

Calamos Financial Services LLC, Distributor

Check the background of the firm and its investment professionals on FINRA's BrokerCheck.

Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.

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Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Financial Services LLC and Calamos Antetokounmpo Asset Management LLC.

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