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Fund Stats
-
NAV
$25.23
-
Market Price
$25.17
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Inception Date
10/4/23
Overview
The Calamos Convertible Equity Alternative ETF (CVRT) seeks to deliver total returns through capital appreciation and current income, by investing largely in a portfolio of US convertible securities exhibiting a high level of equity sensitivity.
Key Features
- Designed to provide targeted exposure to equity-sensitive portion of convertibles universe.
- Intelligent ETF solution with an active edge that seeks improved risk/reward over owning small and mid-cap growth stocks outright.
- Liquid, transparent and tax-efficient ETF structure
Portfolio Fit
For convertible allocations, CVRT may offer greater equity upside potential.
For equity allocations, CVRT may provide an improved risk/reward profile and added income advantage relative to owning small and mid-cap growth stocks.
Calamos is the largest manager of convertible securities in the US.1
1FUSE Research, July 2023 based on mutual fund, exchange-traded fund, closed-end fund, and insurance products net assets in the U.S.
Pricing
Fund Details
| Detail | Value |
|---|---|
| Ticker | CVRT |
| NAV | $25.23 |
| Market Price | $25.17 |
| Premium/Discount | -0.26% |
| 30 Day Median Bid/Ask | 0.29% |
| Exchange | NYSE Arca, Inc. |
| Inception Date | 10/04/23 |
Premium / Discount
| Date | Value |
|---|---|
| 10/4/2023 | 0.051246 |
| 10/5/2023 | 0.410912 |
| 10/6/2023 | 0.346118 |
| 10/9/2023 | 0.285689 |
| 10/10/2023 | 0.257765 |
| 10/11/2023 | 0.238923 |
| 10/12/2023 | 0.341328 |
| 10/13/2023 | 0.313228 |
| 10/16/2023 | 0.457925 |
| 10/17/2023 | 0.272032 |
| 10/18/2023 | 0.291407 |
| 10/19/2023 | 0.150365 |
| 10/20/2023 | 0.261891 |
| 10/23/2023 | -0.047539 |
| 10/24/2023 | -0.074337 |
| 10/25/2023 | -0.092412 |
| 10/26/2023 | 0.054275 |
| 10/27/2023 | -0.064473 |
| 10/30/2023 | -0.329684 |
| 10/31/2023 | -0.114149 |
| 11/1/2023 | -0.154739 |
| 11/2/2023 | -0.169783 |
| 11/3/2023 | -0.140196 |
| 11/6/2023 | -0.132977 |
| 11/7/2023 | -0.041852 |
| 11/8/2023 | 0.049415 |
| 11/9/2023 | -0.227891 |
| 11/10/2023 | -0.245327 |
| 11/13/2023 | -0.241376 |
| 11/14/2023 | -0.220658 |
| 11/15/2023 | -0.20189 |
| 11/16/2023 | -0.25672 |
| 11/17/2023 | -0.222393 |
| 11/20/2023 | -0.204978 |
| 11/21/2023 | -0.192762 |
| 11/22/2023 | -0.186286 |
| 11/24/2023 | -0.107304 |
| 11/27/2023 | -0.250068 |
| 11/28/2023 | -0.159801 |
| 11/29/2023 | -0.257515 |
Premium and Discount
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | |
|---|---|---|---|---|
| Days Traded at Premium | -- | -- | -- | 15 |
| Days Traded at Discount | -- | -- | -- | 25 |
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 is determined using the midpoint of the bid/ask spread at market close (typically 4 pm ET). 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.
Portfolio
A list of all fund holdings is made available daily through the link below.
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.
Distributions
Schedule
| Name | Frequency |
|---|---|
| Distributions | MONTHLY |
| Capital Gains | ANNUAL |
Fees & Expenses
Fees & Expenses
| Expense | % |
|---|---|
| Total | 0.69% |
Fund Information
| Name | Value |
|---|---|
| Inception Date | 10/4/23 |
| Ticker Symbol | CVRT |
| CUSIP number | 12811T308 |
Literature
About the Fund
Calamos Convertible Equity Alternative ETF Launch Sheet
The Calamos Convertible Equity Alternative ETF launch sheet provides a snapshot of the investment team and product strategy.
Prospectus and Reports
Calamos Convertible Equity Alternative ETF Prospectus
This summary contains important information about the Calamos Convertible Equity Alternative ETF investment objective, fees and expenses, principal investment strategies, principal risks and performance.
Calamos Convertible Equity Alternative 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 Convertible Equity Alternative 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.