CVRT Fees and Costs — Calamos Convertible Equity Alternative ETF
Data updated: 2026-10-09
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $270 in broker commissions, 0.0013% of average net assets, and portfolio turnover was 150%.
CVRT Fees and Expenses
Annual operating expenses and sales charges of CVRT. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
CVRT Costs Over Time
On $10,000 invested in CVRT, assuming 5% a year before costs, total costs come to $435 over 5 years, cutting the return by 0.73% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $238 | $435 |
| Value after costs | $10,427 | $11,338 | $12,328 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
CVRT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0013%
- Total broker commissions: $270
- Bought from dealers (principal trades, not a cost): $139.4M
- Portfolio turnover (prospectus): 150%
CVRT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $62 | 45.16% |
| Goldman Sachs & Co. LLC | $36 | 26.09% |
| RBC Capital Markets, LLC | $19 | 14.02% |
| BofA Securities, Inc. | $16 | 11.65% |
| Virtu Americas LLC | $4 | 3.08% |
CVRT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $33.5M | 48.45% |
| BofA Securities, Inc. | $13.6M | 19.68% |
| Barclays Capital Inc. | $5.9M | 8.46% |
| Jefferies LLC | $5.6M | 8.09% |
| Citigroup Global Markets Inc. | $2.7M | 3.91% |
| Nomura Securities International, Inc. | $2.5M | 3.68% |
| Jane Street Capital, LLC | $1.7M | 2.41% |
| Wells Fargo Securities, LLC | $1.3M | 1.81% |
| Morgan Stanley & Co. LLC | $1.2M | 1.79% |
| Oppenheimer & Co. Inc. | $1.2M | 1.71% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.