Calamos CEF Income & Arbitrage ETF
Data updated: 2026-09-29
C000246662 — Calamos CEF Income & Arbitrage ETF. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000246662 Fund Overview
Calamos CEF Income & Arbitrage ETF is a US ETF managed by Calamos ETF Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Calamos ETF Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $33.88M
- 1-year return: 19.1%
- SEC CIK: 0001579881
- SEC series ID: S000083148
- Share class ID: C000246662
C000246662 Investment Objective and Strategy
Calamos CEF Income & Arbitrage ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Calamos ETF Trust.
Investment objective
The Calamos CEF Income & Arbitrage ETF's investment objective is high current income and long-term capital appreciation.
Principal investment strategy
"The Fund is an actively managed exchange-traded fund (""ETF"") that seeks high current income and long-term capital appreciation by investing in unaffiliated closed-end funds that the Fund's investment adviser, Calamos Advisors LLC (""Calamos Advisors"" or the ""Adviser""), believes offer both attractive income opportunities as well as arbitrage opportunities resulting from such closed-end funds trading at attractive discounts (market prices that are less than the closed-end funds' net asset value (""NAV"")). The Fund's strategy seeks to identify closed-end funds trading at attractive discounts and sell such funds when the arbitrage opportunity has either been achieved by capturing the benefit of discount narrowing or when the Adviser determines the discount level no longer represents an unusual divergence from the fund's underlying asset value.
Under normal circumstances, the Fund seeks to achieve its investment objectives by investing at least 80% of its net assets (plus borrowings for investment purposes, if any) in U.S. and non-U.S. closed-end funds. In selecting the closed-end funds for the Fund's portfolio, the Adviser utilizes a combination of quantitative and fundamental tools to identify closed-end funds that are trading at a discount and represent an opportunity for the Fund to achieve its investment objective. In addition, the Adviser considers the Fund's asset allocation, event research (both fund-specific and market-wide), and trading opportunities (i.e., the liquidity profile of a closed-end fund). The Adviser intends to rebalance the portfolio regularly to ensure that the desired asset allocations are maintained. The Adviser will also make active adjustments to the portfolio relative to certain portfolio-level characteristics, that may include, but are not limited to, distribution yield, size of an issue, liquidity and trade execution.
The Fund also may invest in ETFs and business development companies (""BDCs""). Through its investments in closed-end funds, ETFs, and BDCs, the Fund may have exposure to different asset classes, including but not limited to equity securities (U.S. and non-U.S., including emerging markets), fixed income securities (investment grade, high yield, and municipal), convertible securities, derivatives and Master Limited Partnerships (""MLPs""). Fixed income securities may include bonds and debentures that may be rated investment grade or below investment grade or may not be rated, may be issued by corporations, governments or public international bodies and may be denominated in a variety of currencies and issued with either fixed or floating rates. Bonds rated below investment grade are commonly known as ""junk bonds."" The Fund may invest in rights or warrants of equity securities and closed-end funds.
The Fund also may use derivative instruments such as options, index futures, and forward contracts. The Fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. In order to capture the relative arbitrage value embedded in the discount, the Fund may from time to time take short positions that approximate the value of the underlying closed-end fund assets. The Fund also may take other short positions, including in U.S. treasury futures. The Fund may maintain short positions through the use of derivative instruments, such as options and futures. The Fund may seek to generate income from option premiums by writing (selling) options. This would include the use of both call and put options. The Fund may write options (i) on a portion of the equity securities (including securities that are convertible into equity securities) in the Fund's portfolio and (ii) on broad-based securities indexes (such as the S&P 500 ?
or MSCI EAFE) or ETFs. In addition, to seek to offset some of the risk of a potential decline in value of certain long positions, the Fund may also purchase put options on individual securities, broad-based securities indexes (such as the S&P 500 ?), or ETFs. The Fund is classified as ""non-diversified"" under the Investment Company Act of 1940, as amended (the ""1940 Act"")."
C000246662 Holdings
Top 10 holdings of Calamos CEF Income & Arbitrage ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Eaton Vance Tax Managed Global Buy Write Opportunities Fund | 4.12% |
| Virtus Equity & Convertible Income Fund | 4.02% |
| Bexil Investment Trust | 3.49% |
| Adams Natural Resources Fund Inc | 3.48% |
| BlackRock Health Sciences Term Trust | 2.97% |
| Virtus Artificial Intelligence & Technology Opportunities Fund | 2.72% |
| ClearBridge Energy Midstream Opportunity Fund Inc | 2.72% |
| Nuveen Multi-Asset Income Fund | 2.62% |
| LMP Capital and Income Fund Inc | 2.60% |
| Templeton Emerging Markets Fund/United States | 2.57% |
C000246662 Portfolio Allocation
Asset-class allocation of Calamos CEF Income & Arbitrage ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 90.7% |
C000246662 Performance
Total returns for C000246662 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.9% |
| 1 year | 19.1% |
| 3 years (annualised) | 15.4% |
C000246662 Risk Information
Risk metrics for C000246662, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.2%
C000246662 Costs and Fees
C000246662 costs about $319 per $10,000 invested per year in fund expenses.
- Net expense ratio: 3.19%
- Gross expense ratio: 3.19%
- Portfolio turnover: 74%
- Brokerage commissions: 14.39 bps of average net assets (SEC N-CEN)
C000246662 Cashflows
Over the 12 months to 2026-04, Calamos CEF Income & Arbitrage ETF had net inflows of $14.40M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $727.29K |
| 2026-03 | $0 |
| 2026-02 | $2.22M |
| 2026-01 | $1.47M |
| 2025-12 | $3.57M |
| 2025-11 | $2.84M |
C000246662 Debt Constituents
No individual debt constituents are reported in Calamos CEF Income & Arbitrage ETF's latest SEC N-PORT filing.
C000246662 Prospectus and SEC Filings
Official Calamos CEF Income & Arbitrage ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-21
- Prospectus (485BPOS) — filed 2024-11-21
- Prospectus (485BPOS) — filed 2024-01-10
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-31
- Annual census (N-CEN) — filed 2025-10-14
- Annual census, amended (N-CEN/A) — filed 2025-02-28
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.