If the first few months of 2026 can serve as any indication, we believe shifting macroeconomic conditions are not exactly going to go away any time soon. For advisors, this can lead to difficulty in making sure their clients meet their financial goals. Luckily, the flexibility of the ETF wrapper provides a menagerie of different alternative solutions for helping to ensure clients have the ability to navigate uncertainty while still chasing that upside. These alternative ETFs present compelling options.
CANQ: Blending Nasdaq-100 Exposure With Fixed Income
Some clients might be looking to maintain exposure to the Nasdaq-100 in a more risk-averse manner. If so, the Calamos Nasdaq Equity & Income ETF (CANQ ) might be able to assist.
An alternative take on Nasdaq-100 investment, CANQ offers exposure to these stocks through a disciplined options strategy. Meanwhile, a portion of the fund’s portfolio remains invested in a fixed income overlay in order to limit overall downside exposure. This approach allows the fund to access both the equity and fixed income markets, while mitigating the impact from equity pullbacks.
CCEF: Tapping Into Alternative Income
Some clients might instead be looking to amplify their portfolio income, particularly through sources outside the fixed income market. The Calamos CEF Income & Arbitrage ETF (CCEF ) could be well-suited to meet those goals.
To do so, CCEF focuses its investments towards closed-end funds, which can provide competitive levels of monthly income. Better yet, the fund can also offer compelling capital appreciation, given its focus on closed-end funds that are trading at an ongoing discount.
CVRT: Finding Growth Through Convertible Securities
Last, but certainly not least, clients may be seeking to simply grow their portfolios through a risk-conscious approach. Situations like these are where the Calamos Convertible Equity Alternative ETF (CVRT ) can help meet the moment.
CVRT blends capital appreciation and income by investing in U.S. convertible securities seeing a large degree of equity sensitivity. The fund’s disciplined approach to growth allows it to be a valuable component to small- or midcap equity strategies, among others.
Macroeconomic conditions may get more complicated as the year goes on, but advisors have plenty of different solutions available to ensure that their clients are able to meet the moment. By tapping into these different alternative ETFs, advisors and investors can pursue their goals while steering away from worrisome risk factors.
For more news, information, and analysis, visit the Alternatives Content Hub.
Before investing, carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing.
An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund’s prospectus.
Risks of investing in the Calamos Alternative Nasdaq & Bond ETF include risks associated with: Authorized Participant Concentration Risk: Only an Authorized Participant may engage in creation or redemption transactions directly with the Fund, and none of those Authorized Participants is obligated to engage in creation and/or redemption transactions; Debt Securities Risk: Debt securities are subject to various risks, including interest rate risk, credit risk and default risk; Equity Securities Risk: The securities markets are volatile, and the market prices of the Fund’s securities may decline generally; FLEX Options Risk: The Fund may invest in FLEX Options issued and guaranteed for settlement by The Options Clearing Corporation (“OCC”). FLEX Options are customized option contracts that trade on an exchange but provide investors with the ability to customize key contract terms like strike price, style and expiration date while achieving price discovery in competitive, transparent auctions markets and avoiding the counterparty exposure of over-the-counter options positions; High Yield Risk: High yield securities and unrated securities of similar credit quality (commonly known as “junk bonds”) are subject to greater levels of credit and liquidity risks; LEAPS Options Risk: The Fund’s investments in options contracts may include long-term equity anticipation securities known as LEAPS Options. LEAPS Options are long-term exchange-traded call options that allow holders the opportunity to participate in the underlying securities’ appreciation in excess of a specified strike price without receiving payments equivalent to any cash dividends declared on the underlying securities; Liquidity Risk – FLEX Options: In the event that trading in the underlying FLEX Options is limited or absent, the value of the Fund’s FLEX Options may decrease; Liquidity Risk – LEAPS Options: In the event that trading in the underlying LEAPS Options is limited or absent, the value of the Fund’s LEAPS Options may decrease; Market Maker Risk: If the Fund has lower average daily trading volumes, it may rely on a small number of third-party market makers to provide a market for the purchase and sale of Fund Shares; Market Risk: The risk that the securities markets will increase or decrease in value is considered market risk and applies to any security; *New Fund Risk: The Fund is a recently organized investment company with a limited operating history; *Non-Diversification Risk: The Fund is classified as “non-diversified” under the 1940 Act; Options Risk: The Fund’s ability to close out its position as a purchaser or seller of an over-the-counter or exchange-listed put or call option is dependent, in part, upon the liquidity of the option market; Other Investment Companies (including ETFs) Risk: The Fund may invest in the securities of other investment companies to the extent that such investments are consistent with the Fund’s investment objective and the policies are permissible under the 1940 Act.
Risks of investing in the Calamos CEF Income & Arbitrage ETF include risks associated with (1) the Fund’s investment in closed-end fund shares;(2) the closed-end funds’ investments; and (3) any other investments of the Fund, including investments in ETFs, BDCs, and derivative instruments. The shares of closed-end funds may trade at a discount or premium to, or at, their NAV. The securities of closed-end funds may be leveraged. As a result, the Fund, may be exposed indirectly to leverage through an investment in such securities. An investment in securities of closed-end funds that use leverage may expose the Fund to higher volatility in the market value of such securities and the possibility that the Fund’s long-term returns on such securities (and, indirectly, the long-term returns of its shares) will be diminished. In addition, closed-end funds are allowed to invest in a greater amount of illiquid securities than open-end mutual funds. Investments in illiquid securities pose risks related to uncertainty in valuations, volatile market prices, and limitations on resale that may have an adverse effect on the ability of the fund to dispose of the securities promptly or at reasonable prices. The Fund may invest in BDCs, which typically operate to invest in, or lend capital to, early stage-to-mature private companies as well as small public companies. The Fund’s investment in shares of ETFs subjects it to the risks of owning the securities underlying the ETF, as well as the same structural risks faced by an investor purchasing shares of the Fund, including authorized participant concentration risk, market maker risk, premium-discount risk and trading issues risk. Derivatives are instruments, such as futures and forward foreign currency contracts, whose value is derived from that of other assets, rates or indices. The use of derivatives for non-hedging purposes may be considered more speculative than other types of investments.
Nasdaq®, Nasdaq-100®, Nasdaq-100 Index® and Nasdaq-100 Top 30 Hybrid Income Index® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by Calamos Advisors LLC. The Fund has not been passed on by the Corporations as to their legality or suitability. The Fund is not issued, endorsed, sold, or promoted by the Corporations. T*he Corporations make no warranties and bear no liability with respect to the Fund(s).*
*FLEX® Options* and *LEAPS® Options* are registered trademarks of Cboe Global Markets.
The Nasdaq-100 Index® is a stock market index made up of equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index.
Calamos Financial Services LLC, Distributor
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
Calamos Financial Services LLC
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Calamos and Calamos Investments are registered trademarks of Calamos LLC.
